CBS News
The G-7 ministers agreed in principle to a global minimum tax rate of 15% for multinational companies in each country they operate in.
U.S. Treasury Secretary Janet Yellen, who attended the London meetings, said the agreement “provides tremendous momentum” towards reaching a global 15% rate that “would end the race-to-the-bottom in corporate taxation, and ensure fairness for the middle class and working people in the U.S. and around the world.” More
oddly corporations don’t pay taxes, they collect them. just a %15 raise in prices to the consumers. Some economic education would be useful
Yeah, stick to those evil corporations…oh wait…if costs rise to get a product to market, do dems think the corps will eat them??
Guess so-probably why they want CRT taught in schools instead of economics. Thank a teacher’s union.
We’re screwed folk’s. 🤬
Now for some happy news, we can watch the real President speak in about an hour and half from NC. 😉
MAGA 🇺🇸🇺🇸🇺🇸
MAF
You are right! But liberals have told the lie”Businesses will pay the tax. Not Consumers!” a million times the last 61 years.
Business basically have 2 options:
1. Raise prices; thereby paying the tax on to their customers.
or
2. Go out of business.
I am convinced that many liberals know this but tell the lie because they want to hurt Americans. Case in point. Janet Yellen!
A little history on Yellen;
In 1994, President Bill Clinton appointed then-Dr. Yellen to the Federal Reserve Board of Governors. Three years later, he named her Chair of the White House Council of Economic Advisers. In 2004, Secretary Yellen began her third tenure at the Federal Reserve, this time as President of the Federal Reserve Bank of San Francisco. A member of the Democratic Party, she previously served as the 15th chair of the Federal Reserve from 2014 to 2018.
Now she’s Biden’s Secretary of the Treasury.
Where’s her interest? Is it the Federal Reserve, which is privately owned, or the US Citizens? The privately owned FED, hands down. Grab your ankles dear citizens.
And prices will rise in the consumer pass-on.
Andrew Jackson was right:
Can you imagine a president taking on the Federal Reserve System today? That’s what Andrew Jackson did in 1832, and it changed America forever.
http://www.campaignforliberty.org/andrew-jackson-and-the-central-bank
Another step to validate a new world order of global governance. Someone posted some pictures of those fancy UN Vehicles they have in the US being moved in S. Carolina. Can’t wait for their next big crisis to unleash more insanity.
Can I leave mine in a paper bag at the front door of the U.N. Bldg.?
It’ll the one on fire, after the doorbell rings. 😈😈😈
It’s very difficult to stomach anymore of this usury. That’s right… Your so called free market is any but!!!!!!!!!!!!
How can American’s live under Marxist market economic policies for so long and not give a shit, or not notice, or defend the wrong doers…?
Biden is going to wreak havoc! You are going to let him.
Biden is going to be even worse with foreign policy. The people behind him are pulling the strings and are worse than him..
Just look at Biden’s record through time all on it’s own..
How can anyone even remotely believe these assholes agreed to a minimum of a 15% corporate shit rate. Am I the only one who is going nuts..?
I never took an economics course in my life, and even I understood I lived in a hampered policy driven faux piece of shit decades ago.
Don’t people know when there being fucked..?
The Commies in the USSR fucked theirs hardcore for over 78 years while telling all the idiots, the West were the oppressors..
Sound familiar..?